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the markets from foreign capitol and from jack lew as treasury nominee. u.s. economics editor for "the economist," and senior economics reporter steve leaseman. steve, first to you. what are the markets saying? what is jack lew's reputation in wall street and what do you see coming forward with debt negotiations? >> i think this appointment is being taken advisedly in the sense that it's a kind of wait and see. you know, from my perspective, having covered more or less -- more or less degrees, seven of the past treasury secretaries, jack lew does come to the table with a bio that perhaps has less independence in it than any treasury secretary i can remember. robert rubin, hailing from goldman sachs, salary summers was a renowned economist. paul o'neil from alcoa. there's nothing on lew's resume that suggests any measure of independence. markets want a little bit of independence from their treasury secretary. that said, if jack lew's appointment can, in fact, result in some kind of longer term budget deal affixed to entitlements, tax reform, corporate and individual that i think markets
obama will announce jack lew as his nominee for secretary of treasurer. he staffers believe it will be approved. analyst say the president's pick is a sign he will move forward with planned economic reforms and do so aggressively. mr. lew served as coo of nyu and worked at citigroup and served as white house office of management and budget chief and is currently white house chief of staff. apparently job one will be to work with congress to raise the borrowing limit and prevent default that could come as soon as next month. the announcement is at 1:30 p.m. eastern time. stay with "power lunch." we will take you inside the white house for all the details. ty, back to you. >> very interesting. now, of course, another major event at the wlohite house. taking place right now. vice president biden's task force making a change in the way americans buy, sell and potentially use firearms. eamon javers live at the white house. eamon? >> there are some that biden himself might not participate in. we just heard from the vice prest as he emerged from his first meeting of the day and he
treasury secretary. big job. he want jack lew to replace timothy geithner. lew has been a budget director for president obama and former president clinton. he also has experience with banks. the former chief operating officer for city groi group. he has a wife and two children. ali, good to see you, my friend. lew is considered a budget whiz as we were discussing yesterday. >> yeah. >> a seclude negotiator if you like. quality that will come in handy when he takes on the negotiations with congress on the debt, reining in spending. tell us what you know about his negotiating style. >> i'll tell you, the one problem is that the white house in general has not been seen as the most successful group of negotiator. being the chief of staff to president obama might be seen as a bit partisan for the job. let me tell you, four years ago, michael, the world was in a financial crisis, it all circulated around banks and credit and central banks. timothy geithner was the guy for the job. head of the federal reserve. he was in the room when they decided to let lehman brothers fail. he knew what was goi
as they age. also just in addition to that i think there was less talk about the phones and the phone jacks, but i think that it's really important to take into consideration there's already very limited mail delivery in these buildings and that a telephone, a low-cost telephone, is a key life line for communication for tenants who are often times isolated. >> thank you. >> thank you. >> good morning, commissioners, good morning, president mccarthy, my name is antonio naubl naul (inaudible) and i'm a resident of san francisco since 1997. i was invited by josh, doing an outstanding job for the community, for the mission. i am here in support of grab bar and phone jack. i have phone jack in my bedroom even though i live in one of the crappiest hotels in san francisco, the mission hotel. of 151 respondents, about 72 of them surveyed did not have grab bars in their common toilet and bathing facilities. i think from safety standpoint, safety can be improved for seniors by installing grab bars by toilets and showers. the cost of installation, it is my understanding is probably lower than th
picking to replace him? >> president obama nominated jack lew as a presidentry secretary. >> jack lew who? >> jack lew. who is jack lew? who is that? >> stephen: yeah, who is that? jack lew. 'cuz i don't know who jack lew is-- and neither do you. that's not a picture of jack lew. this is, and you didn't notice. you racist. [cheers and applause] folks, there's big problems with this guy. >> heard the discussion that republicans really just don't get along with this guy, they don't agree with his philosophy, they think he's really hard to deal with in negotiation. >> stephen: no no, jimmy-- -- no, no, the big problem. >> there's jack lew's signature. >> stephen: folks, once lew's treasury secretary, this pubic hair masquerading as an autograph will appear on all our money, okay? making our currency a laughingstock. our money should have nothing ridiculous on it, just old men in wigs and pyramids with eyes. is this even a signature or did he start drawing charlie brown and give up after the hair? [ laughter ] good grief. and it got no better when lew explained his fiscal philosophy, saying q
>>> the cabinet reshuffle continues, and next in the hot seat, jack lew. it is wednesday, january 9th, and this is "now." >>> joining me today, "rolling stones" eric bates, heather mcgee, former traveling press secretary for the obama campaign jen psaki, and the effortlessly elegant msnbc contributor jonathan capehart of "the washington post." at a time of great fiscal uncertainty and belt tightening, president obama is poised to nominate as the next treasury secretary a man who brings his lunch to work every day, a cheese sandwich and apple to be precise, president obama will reportedly tap jack lew tomorrow to replace timothy geithner. lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomi
now!" >> jack has my complete trust. i know i am not alone in that. in the words of one former senator, having lew on your team as coach, is almost the luxury of putting anyone at any position in knowing he will do well. i hope the senate will confirm him as quickly as possible. >> as president obama taps jack lew to replace timothy geithner as treasury secretary, we look at his time at the top of citigroup which bet on the housing market to collapse and his backing of the deregulation of wall street. what do you believe the deregulation of wall street pushed by people like alan greenspan contributed significantly to the disaster we saw on wall street several years ago? >> i don't personally know the extent to which deregulation drove it, but i don't believe deregulation was the proximate cause. >> we will speak with former financial regulator william black, author of "the best way to rob a bank is to own one." and matt taibbi with this new piece, the tax secrets and lies of the bella." >> par sabbai the treasury, it is all done by ex wall street people and current wall street people.
house chief of staff jack lew as his next secretary of the treasury. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we have more on the man and the economic agenda he has been tapped to spearhead for the next four years. >> brown: then, ray suarez gets an update on a series of bombings that killed more than 100 people in two pakistani cities today. >> woodruff: margaret warner looks into new federal guidelines for mortgage lending aimed at protecting both consumers and lenders. >> brown: we look at the tense political situation in venezuela, after the national assembly delayed the inauguration of cancer-stricken president hugo chavez. >> this is essentially a power play. behind that secrecy there is nothing but an attempt to ensure the continuity of the regime regardless of president chavez's presence. >> woodruff: and with five oscar nominations, we examine the controversy surrounding one of the most talked about new films yet to see a nationwide release; "zero dark thirty," about the hunt for osama bin laden. >> brown: that's all ahe
." >>> loyal lew. the president flushing out the second term cabinet today promoting the chief of staff jack lew to run the treasury. >> so for all of the talk out there about deficit reduction, making sure our books are balanced, this is the guy who did it. three times. over the past year, i have sought jack's advice on virtually every decision from economic policy to foreign policy. >> it signals a shift in white house priorities. if confirmed, lew replaces tim geithner whose background helped him navigate the financial vie sis and new wall street regulations and lew spent three years working with wall street the background is in budget fights and matches washington's new focus. lew was an aide to tip o'neill in the '80s helping score the social security deal with president reagan, led the budget office under president clinton and obama and helping not only to balance the budget in the '90s but generate a surplus. two years ago, he helped negotiate the budget control act. politico puts it this way. tim geithner was a banking man tapped to handle a banking crisis. jack lew is a budget guy b
>>> there's jack lew's signature. we could have a pretty ugly signature on our dollar bill. >> i mean, is this even a signature? or did he start drawing charlie brown and give up after the hair? good grief. and it got no better when lew explained his fiscal philosophy saying, quote, i describe budgets as tapestry. nation.s woven together, it >> i tried. still doesn't even look good. good morning and welcome to "way too early," the show that's proudly ranked just ahead of doctors at our penmanship class. we have a lot to talk about, including a white house meeting on gun control between vice president biden and leaders of the national rifle association. i'll tell you why the nra leaders walked away disappointed. plus, the pentagon tightens its belts ahead of possible cuts. >>> first, our top story at 5:30 a.m. here at 30 rock in new york city. amid a national debate about guns and violence, a california teacher and a campus supervisor are being credited for heroic actions yesterday during yet another school shooting. it happened in taft, california, around the same time vice presi
. the announcement came this afternoon, the latest in a series of major cabinet changes. >> one reason jack has been so effective in this town is because he is a low-key guy who prefers to surround himself with policy experts rather than t.v. cameras. >> brown: with that, the president introduced his nominee to be the next secretary of the treasury, jack lew, the man he made his chief of staff, a year ago yesterday. lew would succeed tim geithner, who drew fulsome praise from the president. >> when the history books are written tim geithner's going to go down as one of our finest secretaries of the treasury. our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. >> brown: at 57, lew is already a 30-year veteran of washington. he was a principal domestic policy advisor to house speaker tip o'neill in the 1980's, and negotiated with the reagan white house on social security and tax reform. later, he served two stints as the country's budget director, first under preside
: the president will be nominating the chief of staff jack lew as next treasury secretary. should we be gearing up for another confirmation battle? rich edson at the white house with the latest on this story. what do you think? rich: we very well could be. he refuses to address entitlements in spending. he is the typical big government liberal and a troubled person to deal with in his capacity as chief of staff for the white house but democrats point out he knows budgets. he has been a budget director for the clinton administration, obama administration and they say that is why they picked him. >> in the past quarter of a century jack lew has been an integral part of some of the most important budgetary financial and fiscal agreements, bipartisan agreement in washington. >> "rolling stone magazine" will have to come to the senate and tell what his thoughts are about the spending and how it plans to address it. rich: it is u up to send them to see this another proxy fight to add to the administration on their views about that deficit and spending. back to you. melissa: i have to wonder how his sena
balanced, this is the guy who did it. three times. over the past year, i have sought jack's advice on virtually every decision from economic policy to foreign policy. >> it signals a shift in white house priorities. if confirmed, lew replaces tim geithner whose background helped him navigate the financial vie sis and new wall street regulations and lew spent three years working with wall street the background is in budget fights and matches washington's new focus. lew was an aide to tip o'neill in the '80s helping score the social security deal with president reagan, led the budget office under president clinton and obama and helping not only to balance the budget in the '90s but generate a surplus. two years ago, he helped negotiate the budget control act. politico puts it this way. tim geithner was a banking man tapped to handle a banking crisis. jack lew is a budget guy being brought in to handle the government's fiscal disaster. on the hill, a handful of republicans oppose lew's confirmation but survived the process twice in four years at omb director and deputy secretary of st
. president obama officially nominating jack lew to head up the treasury department. shannon bream handles that for us. we will take an in-depth look at what has become an epidemic in this country. doctor robbie ludwig joins us on the psychology of what is a culture. what some call human graffiti. and secretary geithner not winning resounding support from republicans despite the fact that is budget director in the clinton administration, he presided over three straight balanced budgets. shannon bream has our report. reporter: >> i cannot think of a better person to continue then jack lew. reporter: president obama signaling plans to continue by nominating jack lew. he has handled a string of issues that has impacted the economy. >> he presided over three budget surpluses in a row. for all the talk out there about deficit reduction, making sure our books are balanced, he is a guy who did it three times. reporter: that senator jeff sessions says that jack lew is the wrong one for the job and that without newt gingrich refusing to allow more government spending, the budget achiement would nev
. >>> president obama is now on his lookout for his next chief of staff after nominating jack lew to replace timothy geithner at the treasury department. the president called the move bittersweet but insisted his loss will be the nation's gain. >> over the years, he's built a reputation as a master of policy who can work with members of both parties and forge principaled coprincipal -- principled compromises. jack has my trust. i know i'm not alone in that. i hope the senate will confirm him as quickly as possible. >> during yesterday's announcement, both lew and president obama poked fun at the media attention surrounding his loopy signature. >> you've been a friend and colleague for many years. actually, decades. the american people are better off for your outstanding service. and you know, i thought i knew you pretty well, but it was only yesterday that i discovered we both share a common challenge with penmanship. >> i had never noticed jack's signature. when this was highlighted yesterday in the press, i considered rescinding my offer to appoint him. jack assures me that he is going to
. so the second big story, the latest addition to the cabinet, later today, the president nominate jack lew to be the next secretary of the treasury. the president plans a big fight over the budget. lew is the fourth man picked from the budget. hilda solis is an hispanic female elevating the debate over a black president and in her circle. >> this president has made two appointments to the supreme court. both of them women. and i think that this commitment to -- >> is that -- >> well, i think the record speaks for itself. >> for this president with his particular history and also given all the campaign rhetoric about diversity, with every administration, regardless of which administration it is, we hope that we have the more diverse cabinet, that, again, reflects america. >> it's a guy's club. he has guys, you know, they go golfing with him. these got guys playing basketball with him. women have complained quietly about being excluded at the white house since 2009. >> we're talking about a couple of cabinet positions that are being filled. and why don't you name -- and it's not just gen
and jack ablin, chief investment officer of bmo o private bank. let's begin with john at the cme. i guess the story has been china gave the markets a nice boost with much better economic data. has that been the big story? >> it is, it's the number one story. but likewise, too, we saw a tightening back today of european sovereign yield spreads over in europe, italy, spain and portugal specifically. that helped boost overnight markets and, of course, economic data here was relatively strong or at least continues to come in with better than expectations. so those three things combined certainly helped give equities a boost. we finished strong today on a higher volume day the s&p printing just under 1.5 million contracts. lori: what do you think the likelihood is that the bullishness extends into tomorrow's session? >> i think it probably extends at least to the weekend press cycle when the debt ceiling debate will most likely reemerge, but i think the fundamentals for tomorrow are strong. you'll see some carry forth in commodities and equities. treasury supply is right out of the way, so tre
and answers. here are three for you right now. first, will white house chief of staff jack lou be the next second? lot of people saying yes. well get you the answer. second, you can bank, or can you, on solid earns on the solid sector? we will have the answers on the biggest of the banks and how bad is it for boeing? how much damage will the recent run of problems for the so-called dream liner due to boeing and company shares. three questions this hour. three answers. sue? full of answers, live as always at nyse. >> i hope so, ty. we will start with a question. will jacob be the next nominee? john harwood confirming he will be nominated to replace outgoing secretary of treasury tim geithner. but can he get through the senate? that the question. john is here in new york with perspective on that. what do you think, john? >> yes, he can. he is liked across the political spectrum. he is an effective liberal serving tip o'neill in the past. but we know that second term cabinet are beginning to fall into place. we have had the national security members of the team named in the last few days but
a budget every year. lori: speaking of cash, treasury, budget him a new is jack lu? a man who is likely to be dominated the next treasury secretary. melissa: it is no secret that congress -- even the cardassians. lori: cannot wait to hear the results of that. let's check on the market. it has been 15 minutes since we last checked with nicole petallides. nicole: there are nice gains. we have come off of our earlier highs. still, the dow jones industrials up about 55 points here on wall street. the u.s. dollar also with an up arrow. commodities are pulling back. let's take a look at herbalife. a name that has certainly been in the news since the middle of december. we sell the stock shooting up. this is an 8.2% stake. what you see is that pushing the stock to really jumping. we will continue to follow this and all of this comes on the heel of concerns about herbalife. melissa: thank you so much. 1351 days, that is more than three years, just in case you are wondering. the law requires congress to pass a budget every year. should somebody be in jail? >> it is a strongly worded suggestion.
resembles the main of a cat. i i'll leave you with this, one of our producers noticed something in the jack lou signature, a lot of guff from the loopy signature, about its possible origins, recognize anything familiar? what a ripoff, jack. good catch, rita. thanks to the d.c. bureau for. captioned by closed captioning services inc. >> i like the icing. all my husband likes is the case, we were meant to be together,. >> shepard: i thought the cake was for the labra-doodle. >> the news begins anew. another suspected school shooter injures at least two people. around the same time the vice-president announced some suggestions from the white house task force on gun control. we'll have the details ahead. plus, at least one city is now reporting a shortage of the flu vaccine as the deadly outbreak continues to spread, and investigators say the father-in-law of the lottery winner who dropped dead had a major debt with the irs. and who doesn't. unless breaking news changes, everything on "studio b." >> first from fox, at 3:00 in new york city, another school shooting, less than a month after the d
signature. this is jack lew. all signs point to president obama say i knowing him to replace tim geithner. and if he is nominated and confirmed, that will mean that our money might end up looking like this. because that is jack lew's signature on it. if he doesn't choose to tune up the legibility of the loop de loops like tim geithner did, our money mite look like this. what "new york" magazine described as a slinky that has lost its spring, republicans in washington are hinting that we won't actually have to worry about seeing jack lew's wacky signature on our money. they're saying he doesn't have to worry about changing the signature to it looks good on the money because he, jack lew, will never be the guy who has to actually sign the money. he will never be treasury secretary. politico.com today to be, quote, scoffing at the notion of jack lew as treasury secretary. mitch mcconnell is said to have been irked by mr. lew in the past. republican senator from nebraska, mike johanns called lew a controversial pick. the reasonable he is controversial is, quote, i think there are nick policie
's staff chief jack liu is headed for the treasury. i think it's a bad appointment, wrong on every count. we'll have howard dean and steve forbes debate the issue. >>> and in cooperstown, new york, rampant steroid use has resulted in this, no one will be inducted into the baseball hall of fame this year, no bonds, no clemens, no one. we have the latest on this major league dis. >>> it's not a fiscal emergency, it's about the flu and it's not going to be the only city. >>> and finally, this trillion dollar platinum coin idea to solve the debt. not only stupid, it'll make the u.s. look like a banana republic. can we please avoid that, at least? the "kudlow report" begins right now. >>> another big day on the gun control front. a key statement from vice president biden on the issue. eamon javers joins us with the details. good evening, eamon. >> the white house suggests it could use an executive order to move gun control legislation reform forward here in washington, d.c. and also today, the vice president met at the white house with gun control advocates, some of whom shared their personal
chief of staff jack lew to head the treasury department. he praised outgoing secretary tim geithner. if confirmed, he would take over the treasury department's before the white house and congress debates the debt ceiling. this is 15 minutes. >> ladies and gentlemen, the president of the united states accompanied by some of tim geithner and sap jack lew. >> men, everybody, please have a seat. a little more than four years ago, i stood with mr. tim geithner and denounced him as my first to my cabinet. we were barely two months into the financial crisis, the stock market have quivered, the housing market had cratered as well, a bank after bank was on the verge of collapse, and worst of all, more than 800,000 americans would lose their jobs in just a bad month. and the bottom was not yet in sight. i cannot blame tim when he told me he was not the right guy for the job. [laughter] extensivet tim's experience with economic policy made him qualified and i knew he could hit the ground running. as chairman of the new york federal reserve, he had just spent several sleepless and chaotic weeks
to include as a substandard housing condition the failure to provide a usable telephone jack and telephone wiring as required by the california civil code and, 4, making environmental findings, legislative findings and findings pursuant to california health and safety code section 17958.5. >> good morning, commissioners, good to see you all, nick pagalato on behalf of commissioner mar. >> in 2001 commissioner mar called for a hearing on issues affecting our most vulnerable residents. because this sector of our community is growing not just city-wide but specifically in residential hotels we thought it was timely to try to address some of the challenges that these residents face. we have been working very closely with a group of stake holders, particularly sro activists, the mission sro collaborative, the city sro collaborative, sro families united and the senior action network. they came together and produced a report in 2011 that outlined many of the issues that both seniors and people with disabilities are facing in residential hotels. it was presented to us in this hearing and along w
're saying a gamer got killed by another gamer. this is jack cadogan. he designed the game with mr. colby. they want access to multiplayer network code. you didn't agree to this, did you? goren: look, man, i know you're afraid there's going to be a witch hunt-- that bloodmatch would get blamed for inciting violence. we wouldn't be the first ones. if it's not the full moon or twinkies, it's computer games. we got to take a stand here. this is ashcroft snooping around in libraries, and the fbi... a ferrari. you got a ferrari? a marinello. i just got it. i understand what you're saying. bloodmatch is just a game. it's cathartic. you get a chance to get out of your own skin. right. that's the best game the world's ever seen, but just a game. speaking of skin, you haven't lost a lot weight lately, have you? it's just some a little loose skin under your neck. how much did you lose, like, around a hundred pounds? 110. diet and exercise. jack has a lot to be proud of. i still need you to look at the new polygons. our lawyer'll get back to you. cadogan-- i heard that name in wales, but not here. i
will nominate his chief of staff jack lew as the next treasury secretary a little more than two hours from now. connell: joining us now is from the "wall street journal." >> he will be directing economic policy for the president and he's a long-time washington insider. he worked for tip o'neil. he worked for bill clinton. he's worked on the budget for president obama. [talking over each other] >> there is a revolving door there. he did go in 09 and he came out with a lot of money despite the fact that citi bank was limping along and had to be helped out by the government. dagen: when he worked just as one example in the clinton administration he was considered reasonable but not now. why? >> i think the big part of it is how he performed when he worked for president obama in the first term. but it's also i think most people expect him to be very much like an alter ego of the president. he subscribes to the ideas that the president has, that the big problem in this country is not how to create wealth, but how to redistribute it. that's really our challenge. just have to figure out how to get th
jack lew toll bet next -- to be the next treasury secretary. >> it will be his signature at the bottom of our currency. it will look something like this. [ laughter ] >> jon: that injure signature? or jut -- that is your significant in signature or are you testing to see if the pen works? [ laughter ] hey, lew, shire -- here is a tip, stop signing your checks on the teacup ride at disney world. [ laughter ] the only way you are allowed to have that as your signature is if your name is booooing, boooing, please come firm jack lew. please confirm jack lew. i have to have this man as treasury secretary. seriously if this guy gets confirmed it would be the second most ridiculous signature only to appear on our money thanks to buchanan's secretary oliver lewis ottingham. i see the audience went to seventh grade like i did. [ laughter ] i'm 50. can can tell you why guy who will find him rolling in jack lew doodle stacks as money will soon be called, al gore. >> former vice president al gore say richer man tonight about $100 million richer after selling his little watched cable channel curren
expect the president is going to appoint his current white house chief of staff jack lou as current treasury secretary. jack lew is a veteran of capitol hill and of more than one big major budget negotiations which is exactly what the president is facing right now. he's somebody with a low key demeanor who gets along well with others. his confirmation is expected to be not too difficult. what he doesn't provide is a strong business background or wall street ties, although he did work for citigroup for a while and he doesn't have the experience in financial regulation that tim geithner brought to the job having head of the federal reserve bank of new york during the financial crisis. but jack lew is expected to be announced today. the pecked speculation about his replacement as white house chief of staff has centered in the last 24 hours around dennis mcdonna. sources tell me that dennis mcdonough is the chief candidate. ron biden has already been a contender. wool see whether the president pairs the announcement of a new chief of staff with jack lew's appointment today. >> so jack l
. >>> and a follow-up on jack liu's loopy signature. president obama took a moment to joke about it. >> i never noticed jack's signature. when this was highlighted yesterday in the press, i considered rescinding my offer to appoint him. jack assures me that he is going to work to make at least one letter legible. >> and that's your morning dish of scrambled politics. >>> and now for a look at the national weather, we turn to nbc meteorologist dillon drier. >> good morning, i kind of like the signature. >> it's an individual thing. let the man do what he does. >> good for him. it's plastered all over everything. >> it's unique. >> we're going to see a lot more rain through areas this time around in the great lakes. yesterday it was all about louisiana. they did pick up several inches of rain. we also had tornado warnings all the through the state yesterday morning. we are seeing that heavy rain moving up across the great lakes. michigan and ohio and chicago area and also indiana will be the ones dealing with the heaviest of the rain. although, it is starting to exit chicago. that should help all
it official and nominates jack lew for treasury secretary. but, he received a quote obscene million dollar bonus as his boss obama would put it while working at citibank which got bailed out to the tune of $45 billion. is that part of the jack lew story that's going to make him toxic in his confirmation hearings? >>> and we go out to san diego where the family of the late nfl star junior learned he had a brain disease when he committed suicide. did football kill him? >>> and back to hollywood, my favorite movie of the year "lincoln" gets the lion share of oscar nominations. this is a fabulous film about government dysfunction and how abe lincoln solved it then. can we learn something about it now? the "kudlow report" begins right now. >>> first up this evening, call it the d.c. gun show. all the major gun players meeting with vice president joe biden and attorney general eric holder. cnbc's own eamon javers joins us now with all the details. good evening, eamon. >> good evening, larry. well, even as the vice president was holding a meeting in the white house complex today about gun control
to that in a moment. >> this is almost two minutes -- for those who do not know, jack anderson was a columnist at one time. >> anybody who saw the movie "j. edgar," this story and the role that j. edgar hoover plays in the story is hilarious. >> head of the fbi at the time. >> who is going to take a personal interest in whether there is a homosexual ring, a gay ring, at the center of the nixon administration. he was the deputy assistant to the president, a good-looking california guy. >> here we are -- i can remember going home, you are scared to death. this is like a time bomb. this gets in the press and anderson gets going -- it is a disaster for all of us. and it is not true. the next day, each of us individually go into the cab that and sit across, right across -- we are sworn in. and then each of us is questioned by j. edgar hoover. he asks all of the questions -- the transcript of this was provided to jack anderson. that is how it was stopped. >> and hoover was planning to give this to anderson? >> no. anderson was going to go with the story -- jack anderson, the columnist. he was the one who i
jack lou as treasury -- treasury secretary. critics are questioning his credent alls and promising a fight before lou's confirmation. craig bosswell reports from capitol hill. >> reporter: just days after appearing in the east room with a pair of nominees for cabinet post, president obama makes another announcement today, naming jack low as his next treasury secretary. >> i can not think of a better person to continue tim's work as treasury than jack lou. >> reporter: before becoming president obama's current chief of staff, lou is mr. obama's budget director, a job he held in the clinton white house. >> if converged -- confirmed, i look forward to joining the treasury department whose people are legendary for their skill and knowledge. >> reporter: some republicans are skeptical saying lou was less than honest about the president's budget and its affect on the nation's debt. >> he didn't show the kind of independence and credibility we would want in that important cabinet position. >> reporter: announcing low as a replacement for timothy geitner comes a day after hilda solice anno
nominee jack lew must never be secretary of the treasurand the senator has a lot more to say and he's here. much more ahead, on the record starts right now. >> the president dominated his current chief of staff jack lew to replace the outgoing treasury secretary tim geithner. >> i cannot think of a better person to continue tim's work at treasury than jack lew. >> jack lew is very partisan, he's very political. >> he already has some strong opposition especially from the top lawmaker on the senate budget committee jeff sessions. you can't have somebody-- >> i trust his judgment, value his friendship, i know very few people get greater integrity than the man to my left. >> jack lew and the president don't think that spending is the problem. wasteful government spending is the problem. >> prosecutors say arias had one last tryst with travis alexander, killed him in a ferocious gun and knife attack. it's not a case of whodunit. it's a case of kill or be killed. if i didn't kill him, i myself would be killed. >> it's hard to play the victim of terrorism, when you've shot the guy in the head an
ahead we'll have more on the president's cabinet reshuffle, including the nomination of jack lew to lead the treasury department. but, first, it is target tuesday. that's the day when vice president joe biden says he'll present his recommendations on preventing gun violence to the president. biden made the announcement as he met with hunting groups and gun advocates, including the nra. and he said a con shen sus is emerging over proposals such as expanding background checks and banning high-capacity magazines. >> you all know this is a complicated issue. there's no singular solution. but there's also things we know. we know that there are certain actions we take that have diminished, have diminished the extent of the gun violence that otherwise would be occurring in the united states. >> indeed. that violence is continuing apace even as mr. biden addressed the media. news broke of a high school shooting today in taft, california. a 16-year-old victim air lifted to a hospital, now in critical but table condition with the alleged shooter, another 16-year-old student, in custody. police say
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